Alberta's New Pension Legislation: Bill 10, the Employment Pension Plans Act

Bill 10, the proposed new Employment Pension Plans Act (EPPA), was introduced in the Alberta legislature on October 25, 2012, and passed third reading on November 20, 2012. Although the new Act has been passed, it will not become effective until proclamation, which will follow the release of a new Employment Pension Plans Regulation. The new EPPA follows from the report of the Joint Expert Panel on Pension Standards, and represents the Alberta government's intention to provide greater flexibility and affordability for private sector pension plans. Bill 10 is also the culmination of Alberta and British Columbia's efforts to harmonize pension laws between the two provinces, following British Columbia's introduction of Bill 38, the Pension Benefits Standards Act, earlier this year. The full article from Susan Seller and Jessica Ramdin can be found on the full Bennett Jones website.